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Search Results 0 to 15 of about 16 (some duplicates have been removed)
ABC
Dec 27, 2012 7:00am EST
progress whatsoever. and in fact, the treasury department said that the government on monday will hit the limit of how much money we can borrow to run the government. they're going to do some extraordinary measures to keep us running to february. but things look grim. the one sliver of good news i can say on the substance is, the speaker's office tells me this morning there has been contact between the speaker of the house and the president, at least on the staff level. and they won't say whether or not the two men actually spoke. >> contact. hazahs all around. what do we really mean? >> reporter: everybody will see their taxes go up. here's three examples. you have a teacher with two kids making $43,000 a year. taxes will go up by $3,000. a member of congress, they make $174,000 a year. their taxes will go up just next year, $7,500. and lebron james, the guy made about $53 million last year. his taxes, just next year, would go up $2.4 million. >> ouch. >> reporter: poor lebron. >> indeed. we say it's five days away. but the idea is, we can't get this done if they reach a deal 15 minu
ABC
Dec 29, 2012 8:00am EST
ideological divide. we have a crisis of self-government right now. to be real clear about it. this is a time bomb that congress set. nobody wants to see frustration cuts. but that's the stick they put to their own head as a way of compelling a deal to get done. and a deal doesn't get done. we're not even aiming for the grand bargain that is necessary to reduce long-term deficits and debt. we weren't that far from a deal two weeks ago. but we are today. we're going to get a patch and be here again in two months. congress can't get out of its own way. we keep setting our own traps. and we can't find a way to reason together. >> john, we appreciate the clarity, even if it's depressing. thank you very much. john avlon. >>> a lot of other news developing overnight. for that, let's check in, as always, with mr. ron claiborne. good morning, sir. >> hi, dan, bianna. mr. avalon, good morning, everyone. we begin in australia, with a confrontation with a shark. it cost a surfer two fingers and a chunk of his leg. the 29-year-old was surrounded by a pod of dolphins when the shark attacked yest
ABC
Jan 1, 2013 6:00am PST
accounts? >> this is a silver lining. i.r.a.s and 401(k)s, the government is increasing taxable contributions every year so for i.r.a.s, it was $5,000, now it's $5500 per year and for 401(k)s, it's jumping 3% to $17,500 per year. the advice here you want to do as much as you can. we know the story that people are not planning well enough for retirement so take advantage. it's a tax deduction. >> speaking of planning how about money-saving tips? we could use those. >> my biggest tip for anyone trying to erase debt, save more is to stick with cash. credit cards are very convenient. but cash limits you physically and also psychologically. when you pay with cash at the restaurant or at the department store -- >> it hurts more. >> it hurts and that's a good thing if you're trying to get into that behavior of sticking to a budget and i'm getting out of debt. >> words of wisdom, farnoosh torabi, happy new year. >> you too. >> words of wisdom indeed. >>> so many of us meanwhile, make the resolutions of this new year to get healthy. now in our january jump-start we're kicking off 2013 wi
ABC
Dec 30, 2012 8:00am EST
over raising the debt ceiling because the federal government is once again reaching the limit of how much money can be borrowed, once again facing the possibility of the united states defaulting on its debts, and, you know, last time that led to a downgrade, a credit downgrade. certainly not good news for the economy. >> we lurch from one crisis to the next. one last quick question. there's also talk about a dairy cliff involving our milk prices going up. is this real? is this likely to happen? >> isn't this great? dan, if congress does not act by tomorrow, your milk prices could, in fact, double -- by the way, cheese prices, as well. but once again, we believe that the congress will come up with some kind of a solution on this, at least a temporary one, but, again, down to the wire, they need to pass a farm bill or at least a temporary farm bill to prevent those milk prices from going up. >> d.c. forcing tax increases and lactose intolerance on america this morning. jon karl, thank you very much. jon, by the way, has a big show this morning. senators chuck schumer and jon kyl on the
ABC
Dec 24, 2012 7:00am PST
preventing tax hikes and government spending cuts is just one week from today. the president and congress return to washington later this week. it's likely they'll work right to new year's eve. one possibility is striking a deal on taxes but leaving the spending for later. >>> overseas now, where an american has been killed by an afghan policewoman. the attack took place at police head quarters in kabul. where there have been similar insider attacks, this is the first time a female security officer has been involved. >>> the nra is not backing away from its call for armed officers in our nation's schools. and the group vows to fight any effort by congress to strengthen gun control laws. now congressman chris murphy, whose district includes newtown, calls the stance "tone deaf and revolting." >>> a real christmas gift, it would be getting to where you're going on time today. storms are causing major travel trouble throughout the nation. it's not only trying to get through snow-covered roads. rain and wind are grounding flights in the warmer parts of the country as well. >>> and fi
ABC
Dec 26, 2012 7:00am EST
government indicted golden hands' owner, on 50 counts, including extortion and theft. >> you can get off the property now. >> reporter: for "good morning america," elisabeth leamy, abc news, washington. >> now, the attorney for the company's owner told us, mr. leaven is a small businessman who feels he did the best work he could under the confusing regulations and difficult circumstances and deadlines. but those pictures, that video, speaks volumes. >> it certainly does, about many things. >>> time, now, for another look at the weather. and our sam champion. samuel? >> we've been concentrating on the middle of the country, the east coast. let's now look west, folks. this has been a very snowy time period, as well. start with these pictures near the tahoe area. seven feet of snow since friday. six resorts have had snow depths of over 100 inches in the west. it is gorgeous, though. we have two brand-new systems moving in. this is going to create a little bit of a mess as they move across the country. they have cold air in the middle of the country to go with it. let's deal with the rai
Search Results 0 to 15 of about 16 (some duplicates have been removed)